“Renowned investors strengthen our belief that we can go international and develop this material even faster. I am very confident these investments will speed up the breakthrough of this technology in other industries as well,” commented Sulapac’s CEO Suvi Haimi.

Sulapac’s material is made of wood and natural binders and is completely and free of microplastics.

”Sulapac has developed a unique solution to a major global problem - increasing amount of non-biodegradable plastic. The company also sets a great example of how a Finnish technological innovation can reach the customers. Sulapac answers the growing desire of the consumers looking for environmental-friendly products or packaging. I am convinced that Sulapac will grow directly into an international player who teams up with major consumer brands,” said Mika Ihamuotila, founder of PowerBank Ventures.

“We feel it is important to invest in a company that desires to develop world-class innovations for more sustainable and ecological consumer behaviour. Our generation must actively seek out ways to adopt eco-friendly consumption habits while striving to solve global environmental challenges. Sulapac knows how to combine strong technological expertise and competent team with global markets and sustainable development values we cherish,” said Tomi and Janne Kyöstilä of Planvest Oy.

Other Sulapac’s investors include: Lifeline Ventures, Eerik Paasikivi, Ilkka Herlin and Saara Kankaanrinta, as well as Business Finland.